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Jan 1, 2013
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vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i don't know what the conference will do. i think essentially the speaker said let the senate do it. now it's back. so i don't really know. but i do think the bill will come up today. the notion there will be amendment, i just don't think that's feasible. i think everybody should plan that after due deliberation the republicans that we're likely to have a vote today. the markets aren't open today. they will be tomorrow. i don't think we should go over the cliff for 24 hours. >> dangling is no fun. thank you for being with us. i sure hope you're hard
vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i...
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Jan 1, 2013
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but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with the whhte house. back intoosession...and around 2-a-m.. the vote was in."the bill as amended is passed."in an 89-to-8 vote, the senate approvvd a measure that puts off sppnding cuts for two months and keeps thh bush-era tax cuts for individuals earning less thann$400,000 and couples eerning llss than $450,000. senate majority leader harry reid said their goal as to prottct america's middll cclss.miidle class the assuuance that their taxes - won't go up 22-hundred doolars each. they'll have the certaintt o plann ow they'll pay for groceries, rent, car senate minority leader mitch mcccnnell said republicans agreed toothe measure rather thhn let the middle class ssffer.we don't think taxes should be goong up on anyone but we all knew that if we did on everyone oday. e weree't going to let thaa happen.the house reconvenns today at noon measure at that time.i'm ed payne reporting. u-s lawmakers also haae tt worry aboot the debt ceiling. the u-s
but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with the whhte house. back intoosession...and around 2-a-m.. the vote was in."the bill as amended is passed."in an 89-to-8 vote, the senate approvvd a measure that puts off sppnding cuts for two months and keeps thh bush-era tax cuts for individuals earning less thann$400,000 and couples eerning llss than $450,000. senate majority leader...
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Jan 1, 2013
01/13
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vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions of dollars in spending cuts and tax increases on the rise. lawmakers missed the january 1st deadline but the bill will be retroactive. many taxpayers across the nation are frustrated that lawmakers waited so long to act. >> the whole system is flawed. it's terrible that it takes this
vice president joe biden negotiated the deal with senate republicans over the weekend. the agreement makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be the model for how we do things around here, but i think we can say we've done some good for the country. >> middle class families will wake up today to the assurance that their...
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Jan 1, 2013
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vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. ndelsman, nbc news. >> marylanders voted to approve same-sex marriage. kim dacey is live with the details. >> it was a historic night at city hall as the first same-sex couples did get married in special ceremony this morning. seven couples took their vows. the mayor performed first ceremony. she has marriage power. she married jim
vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their...
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Dec 31, 2012
12/12
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. >> reporter: senate minority leader mitch mcconnell and joe biden are leading the negotiations. the deal will increase the estate class, extend unemployment benefits and bring back higher clinton tax rates on high incomes. from households earning $20,000 to those earning $450,000 a year. this create lad divide within the party with senator tom harken saying he and other democrats may block a deal. >> the deal must be one that favors the middle class, the real middle class. >> reporter: some lawmakers are frustrated there's still no bill up for a debate. >> senator reid should put a bill mon the floor, let the americans see it not another deal made behind closed doors. >> reporter: another sticking point, how long to delay the sequester. president obama said any agreement would have to be balanced and include revenue increases. if no deal is reached before the ball drops in times square tonight, those cuts, along with tax increases for most americans, will kick in. in washington, reporting. >> so to summarize, lawmakers are still working toward a deal but tomorrow is the earliest
. >> reporter: senate minority leader mitch mcconnell and joe biden are leading the negotiations. the deal will increase the estate class, extend unemployment benefits and bring back higher clinton tax rates on high incomes. from households earning $20,000 to those earning $450,000 a year. this create lad divide within the party with senator tom harken saying he and other democrats may block a deal. >> the deal must be one that favors the middle class, the real middle class....
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Dec 30, 2012
12/12
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he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal-fired plant. jackson is expected to step down as president obama has a state of the union address. >> the president of the nra is weighing in on david gregory and his decision to put a high capacity ammunition clip on meet the press, which also caught the attention of d.c. police. >> there are two lessons don't ask the government what is legal and what is not legal because half the people don't know, and second that is a silly felony. >> it is illegal to have the high ammunition high capacity ammunition clip in the district. they say the incident demonstrates how outdated some gun laws are. a local man who has spent years on death row could soon be out of prison
he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal-fired plant. jackson is expected to step down as president obama has a state of the union address. >> the...
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Dec 28, 2012
12/12
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WBAL
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it was a done with vice- president joe biden and president obama to work on a short time fixed for the crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to sit down and have lines of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >
it was a done with vice- president joe biden and president obama to work on a short time fixed for the crisis. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can...
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Jan 1, 2013
01/13
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. >> democrats in the house met with vice president joe biden today. he's urging their support for the deal passed by the senate. the holdup on the other side seems to be a desire for much more in the way of federal spending cuts. it's still a game of wait and see with severe consequences for most americans. being staying on top of the hill and have the very latest for you tonight on the 10:00 news. >> all right. let's join fox 5 political analyst to get more insight on this. mark, how is the president i guess going to claim total victory if in fact he's raising tax rates on the rich but ultimately going up. he said it was 250,000 and now gone up to 4 or 450. >> that's right. plan b, john boehner, the leader of the rublicans offered to do it at a million. in a way, the republicans were defeated in terms of getting it up to a million. they never got a vote. everybody is going to get a tax increase that has nothing to do with this bill because of the payroll tax holiday. a person earning $50,000 is going to pay $800 more by virtue of the fact that expire
. >> democrats in the house met with vice president joe biden today. he's urging their support for the deal passed by the senate. the holdup on the other side seems to be a desire for much more in the way of federal spending cuts. it's still a game of wait and see with severe consequences for most americans. being staying on top of the hill and have the very latest for you tonight on the 10:00 news. >> all right. let's join fox 5 political analyst to get more insight on this. mark,...
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Jan 1, 2013
01/13
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WMAR
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joe biden met with fellow democrats and briefed them on where they were as far as the compromise. legislation was then drawn up and the senate met arounded 2 -- did around the 2:00 hour and cast the votes and that's where we are today. now, we are not out of the woods yet because the house still need to vote on this measure. and they will not return to capitol hill until noon so we don't know how the story ends just quite as yet charley. >> renee as we understand yesterday presidentth president addressed the nation at 1:30 and this was on new year's eve he was surrounded by a few supporters. he came out for about 15 minutes and made some remarks. this was a direct message was it not to members of congress saying get a deal done. >> reporter: it was. and we saw backlash just moments after the president came out and spoke. there were some senators who felt as if that was not the right time for the president to do that almost bullying them into getting this all done senator john mccain not happy with the president's words as well one senator tweeting out that if the president thinks
joe biden met with fellow democrats and briefed them on where they were as far as the compromise. legislation was then drawn up and the senate met arounded 2 -- did around the 2:00 hour and cast the votes and that's where we are today. now, we are not out of the woods yet because the house still need to vote on this measure. and they will not return to capitol hill until noon so we don't know how the story ends just quite as yet charley. >> renee as we understand yesterday presidentth...
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. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the application in the mail but you can still turn it in tomorrow. >>> a home caught on fire this afternoon. no one was injured. it broke out after three. the cause of the fire is under investigation. >> weather wise, a nice dry start to the new year but we did stay cold and cloudy on this first day of january in 2013. mid-30s, 20s in western maryland where there's snow on the ground. central maryland hovering around 40 or so under the clouds. mo
. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a...
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Jan 1, 2013
01/13
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vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be itself model for how we do -- be the model for how we do things around here but i think we can say we've done some good for the country. >> families will make up today to the assurances their taxes won't go up $2200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol hill is quiet right now after an unprecedented late night. normally these halls would stay empty on new year's day but both the house and senate are in session with billions of dollars in spending cuts and tax increases on the line. lawmakers missed the january 1 deadline but the bill will be retroactive. many taxpayers across the nation are frustrated lawmakers waited so long to act. >> the whole system is flawed. it's terrible that it take
vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be itself model for how we do -- be the model for how we do things around here but i think we can say we've done some good for the country. >> families will make up today to the...
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as midnight approached vice president biden came to the capital. >> happy new year. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the
as midnight approached vice president biden came to the capital. >> happy new year. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest...
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Jan 1, 2013
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this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain with -- payne with more on the story. >> reporter: at the stroke of midnight, many americans were celebrating and ringing in the new year. but the mood in washington was much more serious.vice president joe biden went to capitol hill monday night after senate leaders struck a deal with the white house. >> happy new year. >> reporter: the senate went back into session and around 2 a.m. the vote was in. >> the bill as amended is passed. >> reporter: in an 89-8 vow they approve a measure -- vote, they approveed a measure -- he proved a measure to keep bush era tax cuts for those earning less than 400,000. hairy reid says the goal was to -- harry reid said the goal was to protect middle class families. >> middle class families are wak
this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain with -- payne with more on the story. >> reporter: at the stroke of midnight, many americans were celebrating and ringing in the new year. but the mood...
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joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from reporters in the halls of the capital. the political wire says democratic leaders say they will not take up a bill if it is amended by house republicans. "we are done. " a retweet from joe biden says "i think we are going to be fine." a number of different views and issues depending on which party is talking about the fiscal clef. we are going to, of course, keep you updated on the c-span network. in the meantime, take a look back at what senator dick durbin had to say earlier today from the senate floor. >> it was after 2:00 a.m. this m
joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from...
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biden made his way with the senate majority leader. there he is, making his way to a caucus meeting, where vice- president biden tried to sell the steel to his members, and he was able to get a majority of democrats to vote for this deal, all but three. the ap at this photo of the vice-president after that caucus meeting with all the rank-and- file. he came out and game -- and gave a thumbs-up after he was able to talk to the rank and file. there he is. even though the house was on a session, the washington times reports that the country technical felt that this will cut. there is still little bit of time. -- allen in fairfield, illinois, republican caller. all of let's get rid of congress, fire them, vote them out of office. host: why is that? caller: they are not doing them -- doing what we want them to. host: which is what? caller: to the deficit down, and do what we put them in there to do. host: how should that be done, alan? caller: i'm not sure about that. host: social security, medicare, medicaid? caller: they should be on the
biden made his way with the senate majority leader. there he is, making his way to a caucus meeting, where vice- president biden tried to sell the steel to his members, and he was able to get a majority of democrats to vote for this deal, all but three. the ap at this photo of the vice-president after that caucus meeting with all the rank-and- file. he came out and game -- and gave a thumbs-up after he was able to talk to the rank and file. there he is. even though the house was on a session,...
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Dec 31, 2012
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republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. democrats have accused republicans of being too stubborn on the issue of tax increases. >> they say their biggest priority is making sure
republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement....
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Dec 31, 2012
12/12
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WMAR
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joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to see if he could jump start the negotiations on his side. i want everyone to know i'm willing to get this done. i need a dance partner. >> if there is no deal today, the average american family will start with a $3400 tax hike. >>> hilary clinton is waking up in the hospital, secretary of state was admitted to the presbyterian hospital. the clot stems from a concussion stuffed a number of weeks ago. her doctors discovered it during a follow up exam sunday. she has been out of work for weeks, recover from a stomach virus and a concussion. doctors are treating
joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to...
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Dec 31, 2012
12/12
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joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i particular affection, they know each other and they know what makes the other tick. they know what the other incentives are. the personal relationships can matter. there's no question. i think it will give sort of credibility to joe biden's standing, and they will show the value of that kind of institutional knowledge and seniority. >> they say it's the deal and it's the program meter is 450,000 with an extension of the patch in amt and extension of unemployment benefits and all these sorts of things. are both sides able even if they're not r
joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i...
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Dec 31, 2012
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. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden. >> let's pass the tax relief portion now. >> reporter: a hang upis automatic defense and other spending cuts that kick in at midnight. democrats want a two-year postponementment. the cost covered by the new tax hikes. the president scoffed at republican demands for deeper spending cuts. >> shove only spending cuts down, you know -- well, shove spending -- shove spending cuts at us. >> reporter: so much for winning gop allies. >> laughs and jokes and ridicules republicans. why? >> reporter: another question -- will speaker john boehner permit a house vote to hike taxes? if most of his reps will vote no. whatever happens before midnight or doesn't happen. this partisan war on taxes and spending is sure to continue into 2013. i'm steve handelsman, news4, capitol hill. >>> many investors are known for their averse to uncertainty. wall street is closely watching developments on capitol hill. brian sullivan is the coanchor of "streets signs" on cnbc and he's joining us with the latest. hi,
. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden. >> let's pass the tax relief portion now. >> reporter: a hang upis automatic defense and other spending cuts that kick in at midnight. democrats want a two-year postponementment. the cost covered by the new tax hikes. the president scoffed at republican demands for deeper spending cuts. >> shove only spending cuts down, you know -- well, shove spending -- shove...
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Jan 1, 2013
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vicee president joe biden in a vvsit toothe capitol monday pnghtt..explaining the pact he pegotiated with senate minority leader mitcc mcconnnll. prior to thhe he felt confident about the d - deaa but stayed aaay from making any firm predictions. vice president biden "...having been in the sennte as long as i have, there's two things you ssouldn't do: you &psenate's oing to vote before lot of money. and number two: you surely shouldn't redict how the house is goong to vote. but i ffellvery, very good..." i passed by theehouse, the deal would sttp mostttax increasee and spending cuts aimed at the pentagon andddomestic reid / (d-nv)"...i've said all along the ost important priority is to protect middle class families. this class families will wake up today to the asurrnce that their taxes wwn't go up..." democratic senator tom sen. tom harkin / (d-ia)"...it doessnot address numbee onn class jobs now // secondly, for tte countryyto meet its needs..." republican senate minority leader mitch got everything it wanttd.sen. mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect
vicee president joe biden in a vvsit toothe capitol monday pnghtt..explaining the pact he pegotiated with senate minority leader mitcc mcconnnll. prior to thhe he felt confident about the d - deaa but stayed aaay from making any firm predictions. vice president biden "...having been in the sennte as long as i have, there's two things you ssouldn't do: you &psenate's oing to vote before lot of money. and number two: you surely shouldn't redict how the house is goong to vote. but i...
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Jan 1, 2013
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WBAL
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back >> vice president joe biden back on the hill
back >> vice president joe biden back on the hill
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Jan 1, 2013
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vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did not get support in his own caucus and he simply sent us home for the christmas holiday. we came back on saturday and sunday and basically marked time taking up a few simple bills that were of little note with one exception. yesterday we did pass the intelligence bill which is very, very important to the united states but aside from that, it's been marking time waiting for the senate to do it. the senate did it late -- i guess early this morning and now the house will take it up around noontime here in washington, d.c. i think it will pass. we'll go forward and with the new congress coming in on the 3rd of january, we'll begin once again to deal with the remai
vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did not get support in his own caucus and he simply sent us home for the christmas holiday. we came back...
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. >>> vice president joe biden is going to take the lead for the democrats. mitch mcconnell for the gop. congress has come to an agreement on one issue. leaders of both parties announced sunday they have reached a deal to extend the 2008 farm bill for at least one more year. without a deal the agriculture secretary says americans would have been force today pay as much as $7 if a gallon of milk. but again, that has been averted. >>> we are watching your money. i know you are sick of hearing it but over the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic grow
. >>> vice president joe biden is going to take the lead for the democrats. mitch mcconnell for the gop. congress has come to an agreement on one issue. leaders of both parties announced sunday they have reached a deal to extend the 2008 farm bill for at least one more year. without a deal the agriculture secretary says americans would have been force today pay as much as $7 if a gallon of milk. but again, that has been averted. >>> we are watching your money. i know you are...
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now everybody is talking about how great a job joe biden is doing. >> i'll tell you, joe biden and mitch mcconnel have served today for three decades. they know each other well. it was a good call to have the two of them negotiating. obviously the president was involved. the big thing about this is this was a big vote. it was 89-8. you had bipartisan support for this. the republicans wanted the senate to take the lead. they took the lead. they sent it to the house and they said they'd have a vote on it. my hope is they have a clean vote on a clean bill. then let the chips fall where they may. it is difficult for the republicans with canter going over the edge and it's tough. i mean is that's what's going on with john boehner? is he looking over his shoulders? we'll see. >> great question. is this a canter/john boehner showdown? >> may well be. canter has a bright future and he's playing smartly. he can do anything he wants after this. >> peter, i guess i'm curious, how does the senate which oftentimes looks like the adult in the room to begin with, how does the senate handle this? this i
now everybody is talking about how great a job joe biden is doing. >> i'll tell you, joe biden and mitch mcconnel have served today for three decades. they know each other well. it was a good call to have the two of them negotiating. obviously the president was involved. the big thing about this is this was a big vote. it was 89-8. you had bipartisan support for this. the republicans wanted the senate to take the lead. they took the lead. they sent it to the house and they said they'd...
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. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the plan, another trillion dollars worth of debt on the american people. >> reporter: some democrats support the plan to prevent more financial instability. >> my district can't afford to wait a few days and have the stock market go down 300 points if we don't do something.
. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a...
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vice president joe biden is taking over as lead negotiator for the democrats. >> still time left to reach an agreement. we intend to continue negotiations. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> if a deal is not reached by midnight tonight, taxes go up for 9 out of 10 americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and domestic programs will kick it in on january 2nd. >>> if nothing else, it looks like there will be a deal to keep the price of milk from skyrocketing. they have both agreed to an extension. that deal will avert a spike in milk prices to as much as $8 a gallon. the plan still has to be put to a vote in the house and senate sometime today. >>> we're following a developing story this morning. secretary of state hillary clinton will remain in a new york hospital today so doctors can treat her for a blood clot. they discovered the clot yesterday in a follow-up exam for the concussion from earlier this month. they won't elaborate but doctors are treat
vice president joe biden is taking over as lead negotiator for the democrats. >> still time left to reach an agreement. we intend to continue negotiations. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> if a deal is not reached by midnight tonight, taxes go up for 9 out of 10 americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. sharp cuts in defense spending and domestic programs will kick...
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vice president biden who was instrumental in brokering the deal told reporters he is hopeful it gets through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two you surely can't predict how house is going to vote. >> reporter: the bill would extend tax couples for those earning under 400,000 dollars and prevent a big tax hike in a state valued at less than 5 million dollars and extend unemployment benefits for 2 million people. house will take up the bill and the hope is they can pass it before the economy is rocked by the tax hikes. >> i feel very, very good>> reporter: president obama called the vote the right thing to do for the country and encouraged the house to pass the bill right away. abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembe
vice president biden who was instrumental in brokering the deal told reporters he is hopeful it gets through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two you surely can't predict how house is going to vote. >> reporter: the bill would extend tax couples for those earning under 400,000 dollars and prevent a big tax hike in a state valued at less than 5 million dollars and extend unemployment benefits for 2 million...
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vice president joe biden went to capitol hill after senate leaders struck a deal when the white house. the senate went back into session and around 2 a.m., vote >> as amended it's passed. >> reporter: in an 89-8 vote they approved a measure putting off spending cuts for two months and keeps the bush era tax cuts for individuals earning less than 400,000 dollars and couples earning less than 450,000 dollars. senate majority leader harry reid says the goal was to protect america's middle class. >> middle class families will wake up today to the assurances tax won't go up 2200 dollars each. they will have the certainty to plan how they will pay for groceries, car payments and all during next year. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expec
vice president joe biden went to capitol hill after senate leaders struck a deal when the white house. the senate went back into session and around 2 a.m., vote >> as amended it's passed. >> reporter: in an 89-8 vote they approved a measure putting off spending cuts for two months and keeps the bush era tax cuts for individuals earning less than 400,000 dollars and couples earning less than 450,000 dollars. senate majority leader harry reid says the goal was to protect america's...
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the white house sent vice president joe biden here to capitol hill to broker a deal in the house like he did in the senate. house democrats are welcoming his help. >> i think we have made gigantic progress, i hope we can have a bipartisan agreement as we go forward. >> reporter: congress' inability to reach a deal has been frustrating to voters. >> they shouldn't have waited right until the deadline, but that's typical. >> reporter: even though the country officially went over the fiscal cliff at midnight, monday, the senate version of the bill makes all tax cut extensions retroactive to the beginning of the year. and if the house decides to amend this bill they will send it back to the senate. house gop members will meet again this evening. actually within the next half hour. that meeting is scheduled then. live on capitol hill, danielle nottingham, matt back to you. >> danielle, thank you very much. >>> earlier today the white house released a fact sheet on the deal. for starters it would permanently extend middle class tax cuts, extending credit for working families, raises $626 bi
the white house sent vice president joe biden here to capitol hill to broker a deal in the house like he did in the senate. house democrats are welcoming his help. >> i think we have made gigantic progress, i hope we can have a bipartisan agreement as we go forward. >> reporter: congress' inability to reach a deal has been frustrating to voters. >> they shouldn't have waited right until the deadline, but that's typical. >> reporter: even though the country officially...
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vice president biden came to the capitol. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first
vice president biden came to the capitol. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to...
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&preachedthe eal was worked ou mcconnell - the minority ch leader......and vice president ago......biden met with senate details......and the senate may vote on tte deal within sides were frustrrted thattthe deal took so long thune says: "i just find it wrrng their hands and talk pbout gee whiz, i hope we can &plast day, as we puu two peopl together basically to esolve t" this."yarmuth says::"the american people are looking att congress with disdain and rightfully ss. with the deadline of the fisccl cliff only hours away, we failed to to move the economy forward o the middle class." thhehouse is scheduled to come back tomorrow at noon hhre in maryland...the ownerof seeeral restaurant is nervously ann breakthrough. and as john businesssan is worried... what wwll bbein the deal deal they're countinggdown thh king...hates to beethe grinch. but he's received no president...or congress...that fiscal cliff...is imminent. "i think 2013 will bring a lot off uncertainty and a lot of challenggs."kiig owns severall restaurants ...and ffars... that starting new year'' day...there'll beautomatic incr
&preachedthe eal was worked ou mcconnell - the minority ch leader......and vice president ago......biden met with senate details......and the senate may vote on tte deal within sides were frustrrted thattthe deal took so long thune says: "i just find it wrrng their hands and talk pbout gee whiz, i hope we can &plast day, as we puu two peopl together basically to esolve t" this."yarmuth says::"the american people are looking att congress with disdain and rightfully...
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that's another reason why some democrats thought biden maybe gave up too much ground. on the other hand, he put together a good deal in the senate. >> there have been complaints about the way the president negotiated, whether democrats gave up too much, but let's just all agree on one thing, perry, there's not a lot of love lost on either side and the divide is huge. so, is there anything that can be done? is there any indication that this new congress will be any different? >> no. i think some of the calculations from "washington post," only 15 members of the house of representatives, of the republicans, are in districts that president obama won. what that means is most of these house republicans are very accountable to more conservative members in their districts and not necessarily looking for bipartisanship. so, i think the next fight will be just as bloody as this one was. one thing to note in terms of looking at who won, who won and who lost, which is going on a lot in washington. republicans in the last 20 years have said we do not support raising taxes on anyon
that's another reason why some democrats thought biden maybe gave up too much ground. on the other hand, he put together a good deal in the senate. >> there have been complaints about the way the president negotiated, whether democrats gave up too much, but let's just all agree on one thing, perry, there's not a lot of love lost on either side and the divide is huge. so, is there anything that can be done? is there any indication that this new congress will be any different? >> no....
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so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner wanted it much higher at about a million dollars. this is somewhere in between. also, an extension of the unemployment insurance benefits. they're still hashing out some of the final details but it does appear as though the vice president was key in helping these negotiations to move forward. >> the negotiations go on there, kristen, we are watching the senate floor as they discuss the very details of that and debate it. keith, to you on this. political pointing out, bid
so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less....
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upset a lot of republicans who thought the negotiations between mitch mcdonnell and vice president biden had been going quite nicely and the president was inserting politics. will it have an effect on whether or not this bill passes? it's so important probably now not, but it shows you how divided they are. >> my gosh, we don't want to go over that cliff. >> no, we don't. we could be in bad shape. >>> switching over to the stocks. >> wall street ended 2012 on a big upswing today. the dow surging more than 150 points to wind up the day above 13,000. the streets seemed to like the news that lawmakers were close in on a deal. the nasdaq was up 59 points. the s&p jumped about 23 points and ended the year up 13%. >>> more breaking news. doctors say outgoing secretary of state hillary clinton is being treated for a blood clot in her head. doctors say she's making excellent progress and they expect her to fully recover. she's stay under observations at new york's presbyterian hospital for the next 48 hours at least. doctors found the close during the checkup yesterday. an aide says it's linked
upset a lot of republicans who thought the negotiations between mitch mcdonnell and vice president biden had been going quite nicely and the president was inserting politics. will it have an effect on whether or not this bill passes? it's so important probably now not, but it shows you how divided they are. >> my gosh, we don't want to go over that cliff. >> no, we don't. we could be in bad shape. >>> switching over to the stocks. >> wall street ended 2012 on a big...
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. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we will have a vote in the house. that is what he sped. that's what we expect and that's what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for compromise, the house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the present plan, put nearly another trillion dollars of debt on the american people. >> reporter: some democrats is port the plan to prevent more financial instability. >> my district can't afford to wait few days and have the stock market go down 300 points
. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we...
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. >> reporter: joe biden is that person for senate minority leader mitch mc connell. the two are taking over talks => if nothing is resolved by midnight tonight, tax rates for all americans will increase, $2000 for the average middle class family. >> one mom said that's four months groceries that's commuting back trillion in additional spending cuts. so we would have $2 of spending cuts for $1 of increased revenue. >> reporter: the senate reconvenes at 11:00 a.m., as americans celebrate cuts. so we would have $2 of spending cuts for $1 of increased revenue. >> reporter: the senate reconvenes at 11:00 a.m., as americans celebrate the beginning of 2013, they may make up wishing it were 2012 when they of increased revenue. >> reporter: the senate reconvenes at 11:00 a.m., as americans celebrate the beginning of 2013, they may make up wishing it were 2012 when they had more money in their pockets. >> the thing that won't be going up are the milk prices. the house and senate agriculture committees agreed to a 1ee extension of a farm bill preventing the cost of milk for dou
. >> reporter: joe biden is that person for senate minority leader mitch mc connell. the two are taking over talks => if nothing is resolved by midnight tonight, tax rates for all americans will increase, $2000 for the average middle class family. >> one mom said that's four months groceries that's commuting back trillion in additional spending cuts. so we would have $2 of spending cuts for $1 of increased revenue. >> reporter: the senate reconvenes at 11:00 a.m., as...
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vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the cost -- beginning of march, the cost of the delay, $24 billion. they will pay for that with spending cuts and new revenue that will all offset the -- the cost of delay. 89-8 an overwhelming vote. one other piece of information we also know that vice president biden will be back on the hill. he will be meeting with house democrats as they try to move forward and see what they are gonna do with this fiscal cliff package. tori, back to you. >> all right, rene marsh, live in washington, d.c. >>> now, the senate vote also avoids the so-called dairy cliff that ectends parts of an expired farm hill that prevents provisions to incre
vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the cost -- beginning of march, the cost of the delay, $24 billion. they will pay for that with...
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ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which point there will be 12 hours left until the deadline. >> what of lawmakers working on today? >> will we know is that harry reid will likely reap introduced president obama's campaign season plan which would extend the tax cuts to americans making less than $250,000 a year but raise taxes on the wealthier americans. this is something republicans have turned down time and time again. >> maryland could lose hundreds of millions of dollars if we do go off the fiscal cliff. kim dacey is live with have the gridlock in washington is affecting us in maryland. >> we have a lot of people employed by th
ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which...
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. >> reporter: minority leader mitch mcconnell called vice president biden in for help. he is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than 3400 dollars. senate leaders continued to work on a stopgap bill but sticking points remain. >> there's still significant distance between the two sides, but negotiations continue. >> reporter: negotiations will through the night, now with just hours to go until the deadline. abc news washington. >>> for more on the fiscal cliff and what it means for your money, we've got you covered, abc2news.com, just head to our home page slide show for a break down of the different scenarios in washington and what they could mean for your paycheck. >>> and now, maryland's most accurate forecast. >>> gusty winds this
. >> reporter: minority leader mitch mcconnell called vice president biden in for help. he is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than 3400...
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a little more than half of the people asked feel that both president obama and vice president joe biden are doing a good job. >>> just a few hours you will be able to gamble any time of the day that you want. >> maryland live casino is getting ready to open its doors and once that happens they're going to remain open 24/7. >> abc2 news linda so is there this morning and linda the apartment was empty. casino is empty but it's not going to stay that way for long. >> reporter: no, just a few hours at 8:00 to be exact they'll be opening the doors for good. the lights are so pretty. they're getting ready for a big day today. when the doors open at 8:00 this morning they will stay open 24 hours a day, 7 days a week, 365 days a year. and let me show you right here by the main entrance. as soon as you walk in come spring all of these machines will actually be moved out of the way for table games. and right over there, to the right, they'll be moving those machines out make way for the blackjack tables. so again, those table games coming in the spring. that of course approved by voters in the re
a little more than half of the people asked feel that both president obama and vice president joe biden are doing a good job. >>> just a few hours you will be able to gamble any time of the day that you want. >> maryland live casino is getting ready to open its doors and once that happens they're going to remain open 24/7. >> abc2 news linda so is there this morning and linda the apartment was empty. casino is empty but it's not going to stay that way for long. >>...
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. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthi
. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us...
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. >> we saw vice president biden instrumental in getting this deal done on the senate side. met with the democratic caucus on the house side this morning. can he move republicans? >> it doesn't appear so. not on the house. he met with p nancy pelosi and other democrats today. but it does not appear that the republicans in the house are going to send the bill back to the senate and doesn't appear had a vice president biden is making my headway with those gop republicans. >> all right. jennifer johnson, live on capitol hill with the latest. jennifer, thank you. could be a long night. certainly a long week already. >>> stay with news4 for the up-to-the minute on the information on the fiscal cliff. we will be monitoring lawmakers on the hill and have an update in the next half hour. of course, you can always get details on nbcwashington.com. >>> breaking news right now. related to the child sex abuse scandal involving former penn state football coach jerry sandusky. the governor of pennsylvania says he plans to sue the ncaa over sanctions it imposed against the team. the univer
. >> we saw vice president biden instrumental in getting this deal done on the senate side. met with the democratic caucus on the house side this morning. can he move republicans? >> it doesn't appear so. not on the house. he met with p nancy pelosi and other democrats today. but it does not appear that the republicans in the house are going to send the bill back to the senate and doesn't appear had a vice president biden is making my headway with those gop republicans. >> all...
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Jan 1, 2013
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joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done now. >> reporter: a sticking point is a sequester. more than a trillion dollars in social programs, they say that the market needs structure and certainty, not haggling. it could take a hit if the deal falls a part. with higher taxes, california would spend less and tax r eceipts would drop. the loss of $11 billion in revenues in two years. the automatic spending cuts could affect thousands of jobs here in calif
joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted...
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and vice president biden is going to address the caucus at 12:15. and so i hope -- i hope -- i hope he and the president will work the phones and get these people to support it. >> reporter: you're retiring. >> right. >> reporter: after 36 years. >> right. >> reporter: in the house of representatives. >> that's right. >> reporter: a long time. so this is probably the last vote that you take as a congressman? >> it will be one of last votes. we have to have vote on adjournment. we also have the supplemental coming up. >> reporter: that's true. >> very important, new jersey and new york. and i'm the ranking democrat on appropriations. so i'm going to get one last chance to be on the floor battling. we're supporting this bill. >> reporter: talk about you have seen things change here. and change when it comes to both parties, the atmospherics, dynamics. >> well, it's -- when i first got here, we had 295 democrats. it wasn't even conceived the republicans would be in the majority. and so people worked together. it was a completely different atmosphere. w
and vice president biden is going to address the caucus at 12:15. and so i hope -- i hope -- i hope he and the president will work the phones and get these people to support it. >> reporter: you're retiring. >> right. >> reporter: after 36 years. >> right. >> reporter: in the house of representatives. >> that's right. >> reporter: a long time. so this is probably the last vote that you take as a congressman? >> it will be one of last votes. we...
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vice president joe biden. >>> congress is ending 2012 with a real problem on its hands. >> when the future of the country rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> the vice president appears to be taking over after a republican counter offer was met by silence. senate majority leader said democrats couldn't respond. >> i'm willing to get this done but i need a dance partner. >> minority leader reached out to the vice president whose years in the senate could help him broker a deal. we're talking something small probably a continuation of the bush era tax cuts and a renewal of long-term unemployment benefits. payroll taxes will go up tomorrow for everyone. a big hit for paychecks and sequester the government spending cuts would still happen. president obama blamed republicans. >> we don't see an agreement and now the pressure is on congress to produce. >> the president talked about making social security cuts a nonstarter for many of his fellow democrats. and they now appear to be off the table. just about any deal congress and the pres
vice president joe biden. >>> congress is ending 2012 with a real problem on its hands. >> when the future of the country rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> the vice president appears to be taking over after a republican counter offer was met by silence. senate majority leader said democrats couldn't respond. >> i'm willing to get this done but i need a dance partner. >> minority leader reached out to...
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there was this classic shot of vice president biden making friends with a female biker in ohio. i love that one. and who can forget this one of romney posing at burrito restaurant. one employee sure looks surprised. this was the one heartwarming gabby giffords on the stage at the dnc. what a moment. and here's another classic. the picture of president obama posing with u.s. gymnast making the not-impressed-face. but the hour of "politics nation" family voted for this one the best. who can forget president obama getting a great big bear hug from a one-time republican pizza shop owner in florida. look at that. he says it's the best of the year. it shows how republicans can reach across the aisle. and shelly says i met the owner of the pizza shop. great guy. great pizza. we want to hear what you think, too. please head over to facebook and search "politics nation" and like us to join the conversation that keeps going long after the show ends. >>> just a short time ago, the president slammed congress for consistently taking us to the brink. >> the american people are watching what w
there was this classic shot of vice president biden making friends with a female biker in ohio. i love that one. and who can forget this one of romney posing at burrito restaurant. one employee sure looks surprised. this was the one heartwarming gabby giffords on the stage at the dnc. what a moment. and here's another classic. the picture of president obama posing with u.s. gymnast making the not-impressed-face. but the hour of "politics nation" family voted for this one the best. who...
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now it's senator mcconnell and vice president biden. but up until friday, senator mcconnell, the republican leader, hadn't been consulted, hadn't been advised, hadn't been involved in any of this. so he gets the call at the last minute to try to come in and sort of rescue this, starts a negotiation that goes over the weekend, and then saturday night makes a proposal to the senate democrats and was told that we'll react to your proposal by 10:00 sunday morning. 10:00 sunday morning passes, 11:00, noon, 1:00, 2:00. he comes to the floor and says we haven't heard back. then the majority leader says look, we don't have a counteroffer. we don't have a proposal. so senator mcconnell then gets on the phone with vice president biden, and that's now where those discussions are occurring. they're occurring between vice president biden and senator mcconnell. but my point, mr. president, is this, there are two people in a room deciding incredibly consequential issues for this country while 99 other united states senators and 435 members of the hous
now it's senator mcconnell and vice president biden. but up until friday, senator mcconnell, the republican leader, hadn't been consulted, hadn't been advised, hadn't been involved in any of this. so he gets the call at the last minute to try to come in and sort of rescue this, starts a negotiation that goes over the weekend, and then saturday night makes a proposal to the senate democrats and was told that we'll react to your proposal by 10:00 sunday morning. 10:00 sunday morning passes,...
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the biden offer has this in it
the biden offer has this in it
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Jan 1, 2013
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joe biden and paul ryan came out swinging. >>> renew his calls for drawing a red line on iran's nuclear program. all options are on the table but stopped short of issuing you will at this mate um. released report accusing cyclist lance armstrong of using performance enhancing drugs. his fall from grace cost him his 7 tour de france titles. >>> jerry sandusky. >>> devastation in the northeast as super storm sandy slammed into the coast. the storm caused the heaviest damage in parts of new york and new jersey. knocked out power to millions and caused a gas shortage that led to long lines and rationing. >>> president obama won a second term in office. >> we remain more than a collection of red states and blue states. we are and forever will be the united state of america. >> republicans retain control of the house and democrats kept their majority in the senate. and days after the election a scandal hit washington. the cia director david patreuas resigned. a man murdered 20 children and 6 adults in newtown, connecticut. investigators say adam lanza killed his own mother and later killed hi
joe biden and paul ryan came out swinging. >>> renew his calls for drawing a red line on iran's nuclear program. all options are on the table but stopped short of issuing you will at this mate um. released report accusing cyclist lance armstrong of using performance enhancing drugs. his fall from grace cost him his 7 tour de france titles. >>> jerry sandusky. >>> devastation in the northeast as super storm sandy slammed into the coast. the storm caused the heaviest...
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. >> vice president joe biden in a visit to the capitol monday night explaining the pact he northed with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle class families will wake up today to at assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the legislation missed the mark. >> it does not address the number one priority creating good philadelphiale class jobs now. secondly, this proposal does not generate the revenue necessary for the country to meet its needs. >> reporter: republican senate minority leader mitch mcconnell said neither side got everything it wanted. >> it took an imperfect solu
. >> vice president joe biden in a visit to the capitol monday night explaining the pact he northed with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't...